Rapaport Research Report: A Split Diamond Market

The diamond trade is seeing diverging trends as consumers show demand for large and unique pieces, the latest issue of the Rapaport Research Report explains.

Diamonds of 2 carats and larger have been in demand for several months, while long fancy shapes are enjoying a solid market, the report notes. However, goods of around 1 carat and smaller are quiet, chiefly because of lab-grown replacement.

These trends have been broadly stable since the JCK Las Vegas show in June. One change dealers have noticed is increased interest in old mine cuts following NFL star Travis Kelce’s proposal to singer-songwriter Taylor Swift with a diamond of that shape.

The October edition of the Rapaport Research Report analyzes these trends using exclusive RapNet data on asking prices and inventory levels.

It also outlines the industry’s expectations for the upcoming holiday season, which dealers anticipate will reflect the ongoing market split.

The Rapaport Research Report includes the regular section providing exclusive RapNet data for 0.30-, 0.50, 1- and 3-carat stones, including average prices, discounts, inventory by country, and search volume. In addition, it presents the volume of goods moving onto and off the RapNet platform, and the average time it takes them to do so.  

If you are a subscriber to the Rapaport Research Report, click here to download the full edition.  

If you are not yet a subscriber and would like to receive the report as soon as it’s published, you can sign up here.

Image: David Polak.